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Great Wall Motor's auto sales up 22.5% in 2011

Jan. 30, 2012 (China Knowledge) - Great Wall Motor Co Ltd<2333>, one of the leading mainland makers of pick-up trucks, sold a total of 487,000 vehicles last year, 22.5% more than in 2010.

The Hong Kong-listed firm's auto exports for last year stood at 83,000 units, reflecting a year-on-year increase of around 50%.

The Hover series SUVs led the company's sales with 165,000 units that were sold in 2011, maintaining the best-selling domestic brand SUV for the consecutive eighth year.

Sales of the Voleex sedans reached about 200,000 units, with the Voleex C30 entering the list for top ten selling cars, said a person familiar with the matter. Sales of Fengjun pickups totaled 122,000 units last year, up 18% from two years ago.

In 2011, the auto maker's net profit attributable to shareholders increased 28.53% year on year to RMB 3.47 billion, and the firm's operating revenue totaled RMB 30.14 billion, up 31.13% from two years ago.

Great Wall Motor aims to sell a total of 600,000 vehicles in 2012, including 100,000 units in the overseas market. Three new models will be also released this year, sources reported.






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